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Kislak Completes Sale of Historic Building Originally Paterson, N.J. Police Station

BASKING RIDGE, N.J. – In early 2017, Kislak completed the sale of 111-115 Washington Street in downtown, Paterson, New Jersey. The 29,000 square-foot 100-year old historic building was Paterson’s original police station. It is slated for redevelopment by a local developer who intends to build a modern class A office building, with construction scheduled to be completed in 2018.

Sales associate Gino Mazzarella represented both parties in the transaction. Following Mazzarella’s success, the seller engaged Kislak to market a sizable portfolio of other neighboring buildings. Mazzarella is marketing the 55,000-square-foot mixed-use portfolio that is comprised of six buildings and a private parking lot located one block off Main Street.

The portfolio includes three historic office buildings and three light industrial buildings. This site is the original location of the Meyer Brothers department store in Paterson but has since been occupied by a boutique custom furniture manufacturer. This location is a prime redevelopment site for a savvy investor who is looking to control nearly three quarters of an acre in the heart of Paterson’s vibrant downtown.

About The Kislak Company, Inc.The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s 30 professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania and Delaware.

Now in its 112th year, Kislak was among a select group of firms recognized as a 2017 Power Broker by CoStar Group, Inc. and this was the firm’s twelfth consecutive recognition.

For more information about The Kislak Company, Inc., please contact Jason Pucci, C.O.O., at (732) 750-3000 or jpucci@kislakrealty.com, or visit www.kislakrealty.com

Kislak Completes Sale of Historic Building Originally Paterson, N.J. Police Station